Author: Pius Amihere Eduku
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MTN Ghana’s profit increases to GH¢1bn in 2019
MTN Ghana recorded a profit after tax of one billion cedis for 2019. This is 33.56 percent higher compared to the GH¢754.67 million recorded in the preceding year [2018]. The telecoms company attributes this to an improvement in active data users, growth in smart phones and an increase in data usage. MTN’s total revenue for…
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2019 National Best Farmer receives ¢536,000 cash prize from adb
The Agricultural Development Bank, adb, has presented a cheque prize of five hundred and thirty-six thousand cedis to the National Best Farmer for 2019. Charles Gyamfi’s prize is presented in fulfillment of the bank’s commitment to support the agric sector per its mandate. Charles Gyamfi, who emerged the National Best Farmer in 2019, beat off…
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Registrar General urges companies to update their records to avoid deletion
The Registrar General, Jemima Oware, says her outfit will continue to sanction businesses that fail to file their annual returns or update their records with the Registrar General’s Department. She told Citi Business News it is illegal for any company which has not met these requirements, to continue operations per the Companies Act. The latest…
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Aviation workers angry with gov’t for encroaching on lands needed for air safety
The Professional Workers’ Union of the Ghana Civil Aviation Authority, GCAA, is demanding an end to what it calls unlawful encroachment of the Authority’s lands. The workers say lands demarcated for aviation safety purposes are being taken over by the government which they fear could jeopardize safety at the country’s International Airport. In an interview…
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New law on weights and measurements to boost accuracy of inflation figures – GSS
The Ghana Statistical Service, GSS, is hopeful that a new law to standardize weights and measurements will help in determining accurately, the rate of inflation in Ghana. The Government Statistician, Prof. Samuel Annim, who disclosed this to Citi Business News, said the current regime makes it difficult to determine the relative increase in prices of…
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Bawumia urges ECG to boost revenue collection as it launches new mobile app
Vice President, Dr. Mahamudu Bawumia, has charged the Electricity Company of Ghana (ECG), to improve its collection rate to help turn around the fortunes of the energy sector. The power distribution company currently has a collection rate of 66 percent, a situation that is partly accountable for the recurring debt in the energy sector. But…
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Goil introduces new fuel grade unto Ghanaian market
From Monday, February, 17, 2020, customers of Goil should be able to access the company’s higher grade petrol (RON 95). Goil says the new product will be sold country-wide at no extra cost to its customers. A statement announcing the new fuel type said, “by the game changing development, consumers no longer need to pay…
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Inflation drops for the second month running
Ghana’s inflation recorded for the month of January 2020, dropped to 7.8 percent, the second consecutive month a drop has occurred. According to the Ghana Statistical Service, the year-on-year average movement of prices of goods and services fell marginally from 7.9 percent in December 2019. Announcing the figures on Wednesday, February 12, 2020, Prof. Samuel…
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Census was postponed due to upcoming voters’ registration exercise – GSS
The Ghana Statistical Service has cited the impending compilation of a new voters’ register for the 2020 general election as one of the reasons for the postponement of the 2020 population and housing census, from March to June. Government Statistician, Prof. Samuel Annim, explained that the census would require a period of less mobility of…
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NIC extends deadline for submission of motor insurance data by insurance firms
The National Insurance Commission, NIC, says it is expecting all insurance companies to furnish it with information on all motor insurance policy holders by March 2020. The directive follows the commencement of the Motor Insurance Database, which has replaced the old insurance stickers with an electronic one, to check fake insurance stickers. In January, the…